Brian Resnick

Brian Resnick, restructuring partner who leads Davis Polk’s Liability Management & Special Opportunities practice, discusses evolving liability management strategies. He breaks down one-shot deleveragings versus repeat LMEs. He explores private credit vs bank-sponsored loan dynamics, anti-cooperation language risks, and sophisticated disqualified lender provisions.

Brian Resnick, a restructuring partner at Davis Polk, specializes in liability management, while Hilary Dengel focuses on sponsor finance and distressed financings. They dive into the nuances of voting and concentration caps in credit agreements, discussing their potential to revolutionize creditor organization. The duo explores whether these new provisions can outshine traditional DQ lists, and assess the impact of caps on co-op formation. With practical insights into legal drafting and market acceptance, this conversation offers a fresh perspective on evolving lending landscapes.

Brian Resnick, a partner at Davis Polk, brings a unique perspective as a former Juilliard-trained musician turned legal expert in restructuring. He dives into the evolution of liability management strategies and the impact of recent market volatility. Brian also shares insights on current and future trends in financial restructuring, while reminiscing about co-producing a Tony Award-winning musical. His journey from the stage to the courtroom is as captivating as his innovative approaches to navigating complex legal landscapes.